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Hartselle Enquirer

Bond funds in Decatur

Hartselle is turning to a Decatur bank to hold the money for the new high school.
The city is using Progress Bank in Decatur for the $18 million in school bond money. The decision to use the Decatur bank came after city officials contacted every Hartselle bank, along with numerous ones in Decatur. Progress, which opened in 2007, offered a significantly higher interest rate than others. Progress offered AYP (Annual Percentage Yield) of 1.05 percent on a money market account with no penalty to withdraw money if it’s used for school construction.
The next highest proposal came from Superior Bank at .25 percent. Some banks proposed offering certificate of deposits but that would have tied the money up for a longer period of time.
Progress’ proposal is for one year. School construction is expected to begin the beginning of 2011 with opening set for 2012.
The council also:
• Approved the contract with B Construction Co. LLC for striping at the Hartselle Airport. B Construction’s bid was $69,456, a little more than half of the amount budgeted for the project.
• Entered into an agreement with the state for maintenance on portions of Highway 36 and Interstate 65. Highway 36’s work will be from the northbound interstate exit 328 and Lando Cain Road. The interstate work will be on the eastside at exit 328 and some 950 feet south of the exit ramp adjacent to the 19 acres of city-owned property.

Eva

Community class reunion celebrates Morgan schools

FRONT PAGE FEATURED

Hats off: Class of 2024 graduates from Hartselle High School

FRONT PAGE FEATURED

City adjusts garbage routes for Memorial Day

Falkville

Larry Madison has been a pillar in Falkville for four decades

Hartselle

Hartselle trio nominated for two K-LOVE awards

Hartselle

Hartselle students chosen to attend Girls State

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Hartselle Kiwanis Club continues scholarly legacy with annual golf tournament

Editor's picks

Heartbreaking finish: Hartselle comes up a run short in state baseball finals

Decatur

Fallen Morgan County officers remembered, families honored  

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Hartselle drops Game 1 to Hillcrest, needs two wins for state title

FRONT PAGE FEATURED

Despite title loss, Hartselle thankful for state experience 

Editor's picks

Hartselle baseball legend dies

Breaking News

Hartselle baseball legend William Booth dies at 79

At a Glance

ALDOT patching area of Thompson Road tomorrow, Thursday

At a Glance

Spring-time market day in Hartselle scheduled for May 18 

Hartselle

New Crestline Elementary School welcomes students

FRONT PAGE FEATURED

Hartselle industry closing, affecting more than 150 jobs  

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Habitat for Humanity applications for homeownership available June 3 

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State seeking death penalty for Fort Payne woman accused of pushing victim off cliff

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Pilot of ultralight dies in Hartselle plane crash

Editor's picks

Northern lights visible from north Alabama

Hartselle

Hartselle students to attend Boys State

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High scorers: 42 Hartselle students a part of ACT 30 plus club

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Hartselle projects budget surplus based on midyear numbers 

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